Earnings will be between 43 and 44 cents a share, while analysts polled by First Call expected a profit of 41 cents a share, the company said.

Revenue will be about $81 million for the quarter. The quarter benefited from "rapid growth" in sales of disposable lenses. In addition, the company expects its pending acquisition of Ocular Sciences
ocls
to accelerate the company's revenue growth rate to double digits. The stock traded up 11/16 to close at 35. In after-hours trade, shares rose another 2 7/8 to 37 7/8.

President and CEO Kevin Ryan attributed the gains to the "continued growth" in sales, which grew 20 percent from the same time last year.

Shares of Wesley Jessen traded as low as 22 late last month, when Bausch & Lomb
"
made an unsolicited buyout of $34 per share for all the company's outstanding common stock.

Wesley Jessen announced Monday that its board of directors had unanimously rejected the bid, calling it inadequate in light of its pending merger with Ocular Sciences.

In a statement, Wesley Jessen said it would remain open to future offers from Bausch & Lomb and that the board had instructed management to begin discussions with Bausch & Lomb.The company noted Bausch & Lomb's willingness to top its $34 per share offer, and said a "superior proposal" is likely.

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